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Republic of Korea: Government announces state aid to support SMEs ahead of 2024 Chuseok holidays

Description

On 10 September 2024, the Korean Financial Services Commission announced that the Korea Development Bank (KDB), the state-owned development bank, will provide KRW 2.3 trillion (approx. USD 1.7 billion...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

10 Sep 2024

Revocation date

03 Oct 2024

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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